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$715,000

  • Sold
  • Closed
  • Commercial
  • 2,575 Sq. Ft.
  • Updated 5 days ago
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Exceptional commercial opportunity in a high-visibility Addison location. This desirable brick, free-standing building offers approximately 2,575 square feet of versatile office/retail space with ample on-site parking. Strategically positioned on W Lake Street, the property benefits from outstanding exposure to over 36,000 vehicles daily, making it ideal for owner-users or investors seeking strong brand visibility.The property is surrounded by excellent demographics and established businesses, providing a solid foundation for a wide range of professional, retail, restaurant or service-oriented uses. The purchase price includes two subdivided residential lots, offering additional value and future development potential. A rare opportunity to secure a highly visible commercial asset with flexibility, parking, and expansion possibilities in a thriving corridor. NOTE price includes 2 additional lots with different pin numbers.

Full Property Details for 991 W Lake St

General

  • Sold For: $715,000
  • Taxes: $16,842 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12539877
  • Added to Site: 162 day(s) ago

Interior

  • Interior Features: Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Overhead Door(s), Private Restroom(s), Public Restroom(s)
  • Flooring: Carpet, Vinyl

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Addison
  • County: DuPage
  • Driving Directions: Lake St E of 355 and W of Mill Rd

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Cable Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Ceiling Height: 10
  • Drive-In Doors: 1
  • # Loading Docks: 1
  • Sub-Flooring: Carpet, Vinyl
  • Stories/Levels: 1
  • Square Feet: 2,575
  • Current Bldg. Use: Commercial
  • Year Built: 1988

Unit Information

  • # Tenants: 2
  • Extra Storage Avail: Yes

Lot Features

  • Lot Size (Sq. Ft.): 28,940
  • Lot Dimensions: 154, 92 x 1150.33 x 164.11
  • Zoning: RTAIL

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1988
  • Tax Amount: $16,842
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat

Disclosures and Reports

  • Property ID: 320113006

Listed by T.K. Realty Inc
Sold by Fulton Grace Realty

Listing agent

— 991 W Lake St —

  • T.K. Realty Inc

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 991 W Lake St

School Districts:Addison School District 4, Dupage High School District 88
NameGradesDistance
Wesley Elementary School
1111 West Westwood Trail, Addison, IL 60101
K-50.5 mi
Indian Trail Jr High School
222 North Jf Kennedy Drive, Addison, IL 60101
6-80.9 mi
Addison Trail High School
213 North Lombard Road, Addison, IL 60101
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 991 W Lake St

Date
Details
Price
Change
Source
6/09/2026
Sold
$715,000
-4.65%
MLS
1/03/2026
Listed
$749,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by T.K. Realty Inc
Sold by Fulton Grace Realty

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991 W Lake Street, Addison, IL 60101 (MLS# 12539877) is a Commercial property that was sold at $715,000 on June 09, 2026. Want to learn more about 991 W Lake Street? Do you have questions about finding other Commercial real estate for sale in Addison? You can browse all Addison real estate or contact a Coldwell Banker agent to request more information.